Wells Fargo Utilities and High Incm Fund (NYSEAMERICAN:ERH)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $13.42. Wells Fargo Utilities and High Incm Fund shares last traded at $13.41, with a volume of 443 shares.

Institutional investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Wells Fargo Utilities and High Incm Fund by 116.9% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,254 shares of the company’s stock worth $119,000 after buying an additional 4,988 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Wells Fargo Utilities and High Incm Fund in the second quarter valued at about $140,000. Cetera Advisors LLC purchased a new stake in shares of Wells Fargo Utilities and High Incm Fund in the second quarter valued at about $246,000. Invesco Ltd. grew its holdings in shares of Wells Fargo Utilities and High Incm Fund by 4.0% in the second quarter. Invesco Ltd. now owns 35,011 shares of the company’s stock valued at $454,000 after purchasing an additional 1,354 shares during the period. Finally, Morgan Stanley grew its holdings in shares of Wells Fargo Utilities and High Incm Fund by 0.9% in the second quarter. Morgan Stanley now owns 189,149 shares of the company’s stock valued at $2,453,000 after purchasing an additional 1,759 shares during the period.

About Wells Fargo Utilities and High Incm Fund (NYSEAMERICAN:ERH)

Wells Fargo Advantage Utilities and High Income Fund is a closed-ended balanced mutual fund launched and managed by Wells Fargo Funds Management LLC. It is sub advised by Crow Point Partners, LLC and Wells Capital Management Incorporated. The fund invests in the public equity and fixed income markets of the United States.

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